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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chesapeake Utilities's interest expense for the three months ended in Mar. 2024 was $ -17.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-46.7 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Chesapeake Utilities's Operating Income for the three months ended in Mar. 2024 was $ 80.5 Mil. Chesapeake Utilities's Interest Expense for the three months ended in Mar. 2024 was $ -17.0 Mil. Chesapeake Utilities's Interest Coverage for the quarter that ended in Mar. 2024 was 4.73. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Chesapeake Utilities's Interest Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Chesapeake Utilities Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -22.22 | -21.77 | -20.14 | -24.36 | -36.95 |
Chesapeake Utilities Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Expense | Get a 7-Day Free Trial | -7.23 | -6.96 | -7.08 | -15.68 | -17.03 |
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-46.7 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Chesapeake Utilities (NYSE:CPK) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Chesapeake Utilities's Interest Expense for the three months ended in Mar. 2024 was $-17.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $80.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,195.0 Mil.
Chesapeake Utilities's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 80.506 | / | -17.026 | |
= | 4.73 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Jeffery S Sylvester | officer: Senior VP & COO | 500 ENERGY LANE, DOVER DE 19901 |
Thomas J Bresnan | director | 1350 S. MILWAUKEE STREET, DENVER CO 80210 |
Maddock Paul L Jr | director | 909 SILVER LAKE BLVD, DOVER DE 19904 |
Hill Thomas P Jr | director | 909 SILVER LAKE BOULEVARD, DOVER DE 19904 |
Lila A Jaber | director | 909 SILVER LAKE BLVD, DOVER DE 19904 |
John R Schimkaitis | director, other: Chair of the Board | 909 SILVER LAKE BLVD., DOVER DE 19904 |
Kevin J Webber | officer: Senior VP & Chief Dev. Officer | 909 SILVER LAKE BLVD, DOVER DE 19904 |
Stephanie N Gary | director | 500 ENERGY LANE, DOVER DE 19901 |
Lisa Bisaccia | director | ONE CVS DRIVE, WOONSOCKET RI 02895 |
Michael D Galtman | officer: Senior VP & CAO | 500 ENERGY LANE, DOVER DE 19901 |
Sheree M. Petrone | director | 601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002 |
Jeffry M Householder | director, other: President & CEO | 909 SILVER LAKE BLVD, DOVER DE 19904 |
Forsythe Ronald G Jr | director | 909 SILVER LAKE BOULEVARD, DOVER DE 19904 |
Dianna Morgan | director | 909 SILVER LAKE BLVD, DOVER DE 19904 |
Beth W Cooper | officer: Executive VP & CFO | CHESAPEAKE UTILITIES CORPORATION, 909 SILVER LAKE BOULEVARD, DOVER DE 19904 |
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